Flex Space with High Highway
1200 S Highway 377 Pilot Point, TX 76258
1200 S Highway 377, Pilot Point, TX, 76258
$1,590,000
For Sale
$1,590,000
COMMERCIAL - Pilot Point, TX
Property Size9,000 SF
Lot Size0.90 Acres
Price / SF$176.67
Days on Market79
Property Features for 1200 S Highway 377
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Driveway, Parking Lot
- Standard status
- Active
- APN
- R149145
- Lot size
- 0.90 Acres
Taxes and HOA fees
- Tax Description
- A1139A C. SMITH, TR 366B, 0.2785 ACRES
- Tax Annual Amount
- 6052
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1985
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Concrete
- Building materials
- MetalSiding, Concrete, Rock, Stone
- Roof type
- Metal
Listing Agency
Keller Williams Realty
(940) 484-9411
Denton, TX
Listed by
Benjamin Clark · License #0611947
(940) 484-9411
Added: May 1 Checked: Jul 18 at 4:06 am
MLS# 21246015
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property features two well-maintained commercial buildings totaling approximately 9,000 square feet, including a 5,000-square-foot facility and a 4,000-square-foot facility. Both buildings include air-conditioned office space, while the remaining areas are designed for practical operations with flexible layouts. Improvements support a range of commercial and light industrial uses, highlighted by multiple overhead doors, expansive shop areas, and a secure yard for equipment storage and service-related work. With ample parking and convenient site usability, the overall setup is geared toward daily efficiency.
Located along the Highway 377 corridor, the site benefits from direct access and high visibility along US Highway 377, a major transportation artery connecting Denton, Aubrey, Celina, and the greater Dallas-Fort Worth Metroplex. The position is intended to support strong traffic exposure and convenient connectivity for customers, vendors, and employees.
This property is well suited for owner-users and investors seeking a versatile campus that combines office space with functional warehouse and flex attributes. Businesses that need overhead-door access, secure outdoor storage, and the ability to adapt space to changing operational needs should find the layout practical. It also offers an investment opportunity for those looking to deploy capital into a flexible, operationally capable asset in a growing North Texas market.
Located along the Highway 377 corridor, the site benefits from direct access and high visibility along US Highway 377, a major transportation artery connecting Denton, Aubrey, Celina, and the greater Dallas-Fort Worth Metroplex. The position is intended to support strong traffic exposure and convenient connectivity for customers, vendors, and employees.
This property is well suited for owner-users and investors seeking a versatile campus that combines office space with functional warehouse and flex attributes. Businesses that need overhead-door access, secure outdoor storage, and the ability to adapt space to changing operational needs should find the layout practical. It also offers an investment opportunity for those looking to deploy capital into a flexible, operationally capable asset in a growing North Texas market.
Key Highlights
- Two commercial buildings totaling approx. 9,000 SF: approx. 5,000 SF and approx. 4,000 SF
- Direct access and high visibility along US Highway 377 corridor
- Approx. 0.84‑acre site with parking lot and driveway parking
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $72.4k | $8.04 |
| − Vacancy | −$6.4k | −$0.71 |
| EGI | $66.0k | $7.33 |
| − OpEx | −$9.9k | −$1.10 |
| NOI | $56.1k | $6.23 |
9,000 SF · lease $8.04/SF/yr · vacancy 8.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$801.3K
$701.2K – $934.9K
NOI $56,093 @ 7.0% cap · market cap 3.53%
Second Best
Industrial
$659.9K
$577.4K – $769.9K
NOI $46,195 @ 7.0% cap · market cap 2.91%
Theoretical Best
Multifamily LT 5
$125.86M
$110.13M – $146.84M
NOI $8,810,188 @ 7.0% cap · market cap 554.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Two-building flex property with A/C offices, multiple overhead doors, and secure yard on a high-visibility highway corridor.
Where is this flex space located?
The property is located at 1200 S Highway 377 Pilot Point, TX.
What is the asking price?
The asking price for this property is $1,590,000.
What are key features of this property?
This property features: Two commercial buildings totaling approx. 9,000 SF: approx. 5,000 SF and approx. 4,000 SF; Direct access and high visibility along US Highway 377 corridor; Approx. 0.84‑acre site with parking lot and driveway parking
